Auto Forex Income By Neville Banks Reviewed

Auto Forex Income is a new forex signal service ran by Neville Banks and is being sold for $97 on the Clickbank payment processor. It is being released tomorrow (August 24th 2012) and will come with the standard Clickbank 60 day money back guarantee. Because this service has yet to be released there is very little information on it. When I mean very little, I mean their sales page shows a logo, background and the content of “coming soon”. Not even a date! Because this is a signal based service, if you plan to try it double check if it’s a one time payment or a recurring monthly payment as nobody seems to know yet.

Results

Obviously there are no results to speak of at this time. Once it launches hopefully he will have something up on his sales page.

Strategy

Again, unknown at this time but remember it’s a signal service. So you will be connecting to his signals and taking whatever trades he’s making.

Recommended Brokers

Remember if you are going to try Auto Forex Income that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.

If real user reviews of AutoForexIncome are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.

If you have experience with Auto Forex Income or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.

If you want to submit a forex trading product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.

David, if you want a refund go through Click bank itself. Support, other and then an option to request refund. I never approach the buyer direct for refunds. If they keep rejecting it complain to Click bank. Be surprised how quickly you get a refund then.

I have been testing this EA for the past few days and so far it looks ok on my demo account. I agree that the losses can be bigger then the winners but I have also had a couple of 30+ pip winners. I had one 56 pip loser and another 23 pip loser, but the rest were single digit. I am up 3% on my demo account so far. I will keep testing and update after another week or so.

I purchased this signal service EA, without the upsell, will get people informed on the progress, only been 1 day. I purchased in the hope of finding a good signal service or trade copier so that when we go on holidays you can still make some money. I do trade my self. So if anyone knows of a good service let us all know.

I’ve just signed up for this plus upsell 1. I downloaded and logged on to the website. I was surprised to gain access to the Upsell 2 areas (suggesting the upsell 1 was a pure profit grab). There is a results page … and based on this I have already cancelled. Here’s the link … not sure if you can get in without the login details …http://www.autoforexincomemembers.com/index.php?action=list_trades you can only try I guess

well guys I am a bit embarrased to say this EA completely destroyed my account. I didnt think any EA would end up with a nearly 100% drawdown. The scary thing is it happned overnight whilst I slept & next morning I had about a dozen open positions with huge SL. Stupidly I thought it would come right considering the EURO & GBP appeared to have reached their limit but I didnt count on the FEDS printing a few billion & the banks jumped on the EURO wagon. Get your refund now dont give this EA another thought. He doesnt answer support questions anymore.

Ok so this ea has been running 12 trading days and my account has a drawdown of over one sixth of my account. I will be shutting it down and asking for a refund. I thought I would see what it could do in 60 days but my account can’t handle that much loss.

Thanks Jonny, mt4i was way easier and so here is a link for my account using just this ea since it came out 13 days ago. Now we can see a real test in real time. If it works I will keep it going and if the ea turns out to be junk well then not so much.http://www.mt4i.com/users/ynotforex

I can quickly see that the biggest problem is the drawdown with way too many concurrent open trades. I don’t like this method of trading. I prefer putting in 4-5 good trades per day with at most 2 floaters per day.

Less than a month in, the account is now losing money. Floaters with huge SL setting is creating a huge DD and losers are now creeping in which the winners can never recoup because winning trades are for so small a PIP.

I purchased AfI on the 25th of Aug. It had a good first week, no losses. A couple of trades were carried over the weekend. As I woke up on Monday they had closed in a loss. I have a very small account of only $600. Since the 27th it has had 22 wins and 4 losses. Losses total was -$11.74 and wins was +$38.62. I currently have 5 trades running with a draw down of $6.30. If I can figure out how to link my account to MyFX I will add a link here. I am currently only running this “ea” on this SmartTradeFX account. I also did not purchase any upsales.

Use MT4i publishing EA instead. You can set the date to only publish the start of the testing. Myfxbook publishes every single history of your account. It dilutes all testing. So I hate myfxbook with a passion. You should take a look at the master trades starting from August 24.

I have been looking to purchase the Auto Forex Income but after reading the comments i’am unsurenow. With so many con artists online. It sounds very promising but who knows. I’am un-experience and dont want to loose money…

Hi Rosa. Your caution is wise. Losses in Forex are just an inevitable part of the game, no matter how good you are. The skill is just keeping your losses small and milking your winners. By doing this, you only need to be right 50% of the time, and you can make money. Making money selling systems, robots and promises is a lot easier than trading Forex, which is obviously why they do it. Robots are attractive even to experienced traders, offering a life away from the computer. Auto Forex Income is somewhat different in that it triggers trades that are copies of a supposedly experienced traders account. It’s too early to judge how good and consistent Neville Banks is. I would watch this space until there is reliable feedback. I will certainly be honest when reporting on my personal experience of the system.

Friend got his refund but I saw the master signals. All pairs trade with 500+ SL initially so drawdowns will be huge. Wait time for it to come down will be long. At least 3-5 days or longer. Most losses are big… 20+ PIPs losses. Wins are small… 2-5 PIPs wins. Do the math… even if you have more wins than losses, wins WILL NOT make up the losses. Eventually, your equity goes down down and down.

Hi Rod, Thanks for your assurances. Have checked emails and members area support tickets, but stll no reply. I’m an optomist though, so I will not be rushing for a refund just yet. Everyone deserves a chance to prove themselves. Very strange though. When you say “He will be back”, back from where exactly?

After an impressively easy set-up, I have to say it all looks pretty shady from that point on. Beware the up-sell to “Elite” version for an extra $79. I did the upgrade and guess what… it’s exactly the same as the $49.00. Same passwords, the lot. Not even an “Elite” banner. Clever psychology. After that revelation, it ‘s been all downhill from there. In the “members area” you can supposedly view the “Master Signals” past and present. I’ve monitored them for 24hrs and they haven’t moved 1 pip! looks like a screen shot to me, albeit with a live clock in the top right corner. Meanwhile the EA which is loaded perfectly, has failed to trigger a single trade during that 24hr period (not that any trades are shown on the host page either). Coincidently, a friend who signed up days before said his Friday trades all ended losses, as if the staff at AFI had gone home early.4 unanswered emails to support later, and I’m beginning to suspect Neville has done a runner. Very strange

have had this on a live account for 3 days. Its been prolific but had problems with my platform disconnecting from server ( broker problem not AFI) Was away from home for a day & couldn’t access my VPS for the last 12 hours which was end of week. Unfortunately I had disconnect issue again & 2 trades closed out with large loss which meant all previous gains were given back. Maybe best to not trade fridays with this software & close out any trades that are showing good profit manually. Early days but so far it looks promising.

Already made well over the investment of $49 dollars. Turn off the EA between 6 AM and 6PM if the DD worries you. Sitting in the G/U for 3 days may stress some people out. Over all 1 losing trade because I closed it, however, others that purchased this EA are TOTALLY satisfied!!! Best of luck to everyone.

From what I heard, basic trades EURUSD. Elite upgrade trades whatever Master Server decides to trade in the future. Currently, Master Elite acct trades EURUSD, GBPUSD, USDJPY, and AUDUSD. I need more proof before giving it a try however. Money is not the issue. I hate wasting time.

Hearing first week results. 41 total trades. 31 wins. 10 losses. But wins do not greatly offset the losers since wins are small compared to the losers. So listening to people talk of winners mean little if losers are eating away at the winners.

I am with you Jonny. We need to see an actual live account. Also, I guess there is no reason why the makers of this EA cannot themselves post on this web say saying its the “best thing since sliced bread” (English phrase which means its the best invention for years). If the makers of the EA will not put up a live account link, then there is a reason. Most times its because the EA just does not work consistently from month to month. If it did work consistently, then putting up the live is only going to be a postive Sales move for them to convince more people to buy it.

Why are talking about “Auto Forex Income” I think you ought to try it before you trash it? I bought this EA and so far it’s made 16 trades and loss one trade with only a 3 pip loss. I have 60 days to try and I bought it through click bank in which I’ve never had any problem getting a refund on other EA’s

Yes, but there still is no proof. The vendor claims he has a 4 year old live account. Why not show us the result by publishing it? Why don’t you show us your trades? Just don’t belittle people to try it first!

The software doesnot have logic in place to deal with FIFO rules. I had it for 2 day and it did well up until it started opening multiple GBP/USD and EUR /USD trades. And due to US FIFO rules it wasn’t able to close the orders out of sync. They suggested I switch brokers:)

To be fair, this is the broker issue! FIFO being forced on the MT4 platform is creating this problem. Try FXDD or other brokers that does FIFO in the backoffice. No EA can handle itif broker is enforcing FIFO on MT4 immediately.

As expected the Monday US session DD has been recovered. It was due to a retrace for Cable and EURUSD. Overnight GMT results are good, usual Aussie trades. If these results continue, we are “go” for a take-off. My motto is Tony,, “Never deride till you’ve tried”

Good point Jonny. Any robot can look good over a short time span – but what happens over the long term when the market is volotile. The crucial point is this: The market WILL move against the robot. The question is: what does the robot do about it? Keep opening ever increasing trades against the trend aka Martingdale and hoping your account can stand the DD before a big enough retrace happens? I thought TomsEA was fairly good at reacting when the market moved against it, and then I heard Martin (see ProfitAgent remarks) lost $24 with Toms EA! I dont think there exists a robot that left running automically will not blow your account over time unless you have an absolutely huge account balance.

Indeed – seems I could have been very unfair on this robot. Apolygies. Its just that the claims were so outrageous and it all the hallmarks of a scam, including no link to a live account. (just screenshots). Jeanenry and K Ellis would you consider linking your MT4 running this robot to myfxbook and sharing the link with us please? Of course, you dont have to, but its a win-win situation. Those suspicious of this robot being a scam can see real live results; if the robot runs into trouble, those used to testing out and playing with robots may be able to help you. This was as a community we can help each other and stop the scammers…….

Bloody hell – the cheek of these fraudsers! The comment “Giles is heading for 1 million dollars profit in the next 6 months” is absolutely hilarious. For just $49 plus $2000 invesitment I too can become a millionaire in less than a year? Yeah, right. He even pulls the heart strings in the video saying he can donate to charity. Ahhhhh. What a great chap you are to share your secret method to us for only $49 (with 50% commission if you are an affiliate and prepared to peddle this shit).